According to the public record, 26, Silver Spring Close, Erith is a mid-century freehold house with 990 ft2 of internal area and sits on a 116 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Silver Spring Close, Erith, DA8 is located in the borough of Bexley within the DA8 postal district.
26, Silver Spring Close, Erith has 31 entries in the Land Registry database, most recently in October 2016 and a single entry in the EPC database dated September 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 26 Silver Spring Close Erith as £378,341 and the rental value as £1,957 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of 26 Silver Spring Close Erith has increased by £6,402 (1.7%) and its rental value has increased by £125 per month (6.4%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 26, Silver Spring Close, Erith is in very good condition we estimate a sale value of £397,258 and rental value of £2,055 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £351,857 and a rental value of £1,820 per month.
If you were able to purchase this property for the estimated value of £378,341, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,859 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 26, Silver Spring Close, Erith sits on a plot of 116m2.
We have plot size data on 32 out of 50 other houses in the postcode and 26, Silver Spring Close, Erith sits on the 18th largest plot.
According to HM Land Registry, 26, Silver Spring Close, Erith was last sold on 14 Oct 2016 for £275,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Oct 2016, the market for similar properties has risen 22.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 26, Silver Spring Close, Erith within a radius of 560 metres over the last 2 years.
The most recent example is 57, Silver Spring Close, Erith, DA8 1EG, a Freehold house which sold for £300,000 in Oct 2019.
Read more about house prices in DA8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Silver Spring Close, Erith, DA8 has a total of 87 addresses. According to our analysis of all the public data, 26, Silver Spring Close, Erith is the 10th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £40k more expensive than the average property in DA8.
26, Silver Spring Close, Erith has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 16 Sep 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 26, Silver Spring Close, Erith is Erith station which is 1.1 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 26, Silver Spring Close, Erith, 38.8% of property is privately owned with a mortgage and 21.8% is privately owned outright.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 26, Silver Spring Close, Erith, 26.1% of residents are recorded as possessing school level qualifications and 35.4% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 26, Silver Spring Close, Erith, the average age was 38.8 and the most common age was 37.
The graph below shows how this compares to Greater London and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 26, Silver Spring Close, Erith, 0.0% of property was a second home.
Comparison figures for Greater London and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 26, Silver Spring Close, Erith, there are an average of 1.2 cars per household.
See below for how this compares to Greater London and the rest of England & Wales.